INSUBCONTINENT EXCLUSIVE:
Blue chips continued to outpace the broader market for the second straight year in Calendar 2019
However, select stocks across insurance, asset management companies, paints, consumer food, power generation and pharmaceuticals sectors
managed to deliver up to 222 per cent returns to investors during the year.
And now analysts say pharma will be the story to play in
Money managers at top fund houses and heads of research at leading brokerages who took part in the Yearend Survey of ETMarkets.com voted
They also identified metals, capital goods, chemicals, auto, banking, large NBFCs, cement and construction as themes with high potential in
energy, capital goods, industrial and infrastructure
Metal index plunged the most at 15 per cent so far in 2019 amid the trade tensions between the US and China
It was followed by Auto (down 13 per cent), Capital Goods (down 9 per cent), Power (down 5 per cent), PSU (down 5 per cent) and Healthcare
Retail should make a comeback in the coming year, primarily led by a likely attempt by the government to address demand-side issues by the
and Bajaj Auto emerged chart toppers of 2019, delivering 39 per cent and 18 per cent returns, respectively
Varroc Engineering, Force Motors, Minda Corporation, M-M, Jamna Auto, Bosch, Hero MotoCorp and Ashok Leyland destroyed investors wealth, as
Globally, copper prices have confirmed an intermediate low and trend reversal in the Shanghai index provides an early signal on inter-market
Indiabulls Ventures.
The 30-share BSE Sensex advanced 15 per cent between January 1 and December 20 this year, while the BSE Midcap and
Smallcap indices declined 4 per cent and 9 per cent, respectively.
Among other sectoral indices on BSE, Realty, Consumer Durables indices
and Bankex advanced over 20 per cent each
Emkay Investment Managers.
Sachdeva said domestic pharma companies have settled down after the GST-led inventory disruptions
Abbott India and Pfizer rallied 50-92 per cent between January 1 and December 20, 2019
Dishman Carbogen Amcis, Wockhardt, Glenmark Pharma slipped over 50 per cent each during the same period.
ICICI Bank (up 51 per cent), Kotak
Mahindra Bank (up 35 per cent), AU Small Finance Bank (up 29 per cent) and HDFC Bank (up 22 per cent) were among the top gainers in the
However, YES Bank, RBL Bank, IDBI Bank and The Karnataka Bank cracked 36-80 per cent.
Sunil Jain, Head of Research, Nirmal Bang Securities,
hopes to see a revival in real estate, auto and capital goods sectors
Shares of Prestige Estate Projects, Godrej Properties, Phoenix Mills, DLF and Sunteck Realty gained 20-58 per cent year to date in the real
is now trading in line with Nifty
Pharma exports are likely to improve from current levels whereas the chemicals sector, especially specialty chemicals, is gaining traction
Ravuri, CIO-Equity, PGIM India Mutual Fund.
He is betting on pharma, chemicals and utilities for 2020.
Among chemicals stocks, Fine Organic
Industries jumped 65 per cent during the year gone by
It was followed by Deepak Nitrite (up 61 per cent), Navin Fluorine (up 40 per cent) and Pidilite Industries (up 24 per cent)
However, Himadri Chemicals, Nocil, SH Kelkar, Gujarat Alkalies and Jubilant Life slipped between 25-57 per cent.
Most analysts are bullish
on private sector lenders
signs of improvement with regard to assets quality, declining NPA as well as slippages
In addition, measures taken by the government and RBI to lower interest rates, cut corporate tax, ease FDI norms, lower GST rates and
2019 was full of major events that changed the direction of the market
The year witnessed a general election, the tussle between the RBI and the government, slowing economic growth and a massive corporate tax
Narendra Modi-led Bharatiya Janata Party won the largest democratic election in the world to secure next five years at the Centre.
On May
20, the first session after the exit polls came out, Sensex jumped 3.75 per cent or 1,422 points, as they signalled a clear majority for the
Narendra Modi-led Bhartiya Janta Party
However, on the result day, i.e
May 23, when the win was confirmed, Indian equity markets saw profit booking as Sensex shed 0.76 per cent
Corporate tax rate cut25 Dec, 2019Certainly among the most important events of the year was the corporate tax cut
On September 20, Finance Minister Nirmala Sitharaman announced to reduce corporate tax rates to an effective 25.17 per cent resulting in the
biggest point-wise jump for benchmark indices in 10 years
Sensex and Nifty rallied about 3,000 and 1,000 points, respectively, within two sessions.
RBI windfall to govt25 Dec, 2019After a long
tussle and resignation of an RBI governor over the issue, the Reserve Bank of India accepted the recommendations of the Bimal Jalan
committee and agreed to transfer Rs 1.76 lakh crore for 2018-19 to the government from its reserves
This gave a major boost to the government's coffers that were already constrained.
Both parties were fighting over the level of reserves
that RBI was supposed to keep for contingencies
All spheres of the economy are experiencing a slowdown
Thanks to the fall in demand, manufacturing activities have also perished
In fact, core factory output has been in negative territory for the last three months in a row